What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Syndicate Bank Balanagar Hyderabad Hyderabad Branch IFSC/MICR Code Details
Bank Name SYNDICATE BANK
Address DOOR NO A 30 AP INDUSTRIAL ESTATE,SHANKAR TOWERS,BALANAGAR,HYDERABAD 500037
State ANDHRA PRADESH
District HYDERABAD
Branch BALANAGAR HYDERABAD
IFSC Code SYNB0003069
Branch Code 003069 (Last six characters of IFSC code represent Branch code.)
MICR Code 500025070
Contact Phone 0
via https://bankingzone.in/ifsc

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